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Bullboard - Stock Discussion Forum Power Metals Corp V.PWM

Alternate Symbol(s):  PWRMF

Power Metals Corp. is a Canada-based diversified mining company. The principal business of the Company is the acquisition, exploration and evaluation of resource properties. Its exploration project includes Case Lake property. Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario, close to the Ontario-Quebec border. The Case Lake pegmatite swarm consists... see more

TSXV:PWM - Post Discussion

Power Metals Corp > Accumulation continues!
View:
Post by trader53 on Aug 10, 2023 5:38pm

Accumulation continues!

 It started yesterday when 100,000 offer at .42 showed up. This panicked the retail crowd who were fearful of a pullback and I watched many many 3,000 to 9,000 share positions looking for an opportunity to get out. This morning the offer was still there but was increased to 150,000 and again many small holders panicked and cashed out. As selling was swamping the .40 to .405 level the offer increased to 200,000 along with another 100,000 behind it. The offer moved down to .41. The market was .40 to .41 with 6000 on the bid and over 200,000 on the offer. At exactly 10:17 300,000 shares were lifted and the shares traded as high as .45. What did they do next they pulled the bids and watched as more of the retail trade unloaded their positions down to .42. A very clear lesson how funds accumulate and are very aware of the fear factor that attacks so many small shareholders. The push to .45 would get every ones attention as would the weak bids that followed thus triggering more selling. The perfect picture of the patience of these institutional trading strategies.
Comment by Ricky55 on Aug 11, 2023 8:53am
Thanks for thoses info's.As a retail investor,i don t have theses stats concerning trades from institutions or funds that accumulate.... i still hold quite a fews and no way they gonna have my shares.In the contrary,if i see the shares price at around .036-.37 i plan to buy another 40 or 50 K because i kwow this will be a lot higher in just a couple of months if the results are good and anyway ...more  
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